Inotera prices GDRs at the maximum 10% discount

The Taiwanese DRAM maker raises $312 million to fund its migration to the next generation technology.

Inotera Memories, a Taiwanese contract memory chip maker, has raised $312.3 million from a sale of global depositary receipts, which aside from replenishing its expansion capital also served to significantly boost its international shareholder base.

The share sale, which was arranged by Credit Suisse, comes as industry players and analysts are expecting a turnaround in the cycle for dynamic random access memory DRAM chips following 18 months of falling prices and subdued demand. Inotera is also about to migrate its...